Digital (or crypto) assets are currently attracting considerable scrutiny from global regulators and generating voluminous copy for the world’s media. However, the digital assets spectrum is incredibly wide. Although using the same type of underlying technology as cryptocurrencies, digital bonds are strikingly different: they are (typically) regulated instruments, supported by new legislation in key jurisdictions and by some high-quality issuers. In this article, the authors consider both the allure and the challenges of digital bonds.
1 MAR 2022The author considers the origins, purpose and implications of a very particular machine – the European Commission’s proposed “consolidated tape” for bonds.
1 MAY 2022The EU Regulation on a pilot regime for market infrastructures based on distributed ledger technology entered into force in June 2022. This article examines its key features and likely impact on the market for digital bonds.
1 SEP 2022The author considers the UK’s proposed sandbox for financial market infrastructures.
1 OCT 2023